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HKMA sets quantum preparedness targets for banks amid tokenization push
The HKMA launched a quantum readiness framework and a Quantum Preparedness Index, scoring the sector at 2.3 out of 10 and aiming for 10 by 2030.
The Hong Kong Monetary Authority has launched a framework to gauge how prepared banks are for quantum computing threats as Hong Kong expands tokenized finance, according to Cointelegraph. The regulator published a white paper and introduced the sector’s first Quantum Preparedness Index, or QPI.
The initial QPI gave the banking sector an overall readiness score of 2.3 out of 10. The white paper also found that around half of surveyed institutions have no formal post-quantum planning in place, and the HKMA set a goal of achieving full sector readiness by 2030.
The HKMA said distributed ledger applications and payment networks rely on cryptography for core functions and could face severe disruption if those protections are compromised. The paper cited an example in which one surveyed institution completed a proof of concept applying post-quantum cryptography to distributed-ledger connectivity, and it referenced HSBC’s 2024 use of quantum-safe technology to move tokenized gold across distributed ledgers.
The quantum initiative is tied to Hong Kong’s broader shift toward distributed ledgers, including tokenized deposits and digital-asset settlement through Project Ensemble. Cointelegraph notes that Hong Kong has issued three batches of tokenized green bonds totaling about HK$16.8 billion, or about $2.1 billion, since 2023, and that tokenization is a pillar of the HKMA’s Fintech 2030 strategy launched in 2025.
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